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Colorado developer joins Omaha's housing market

A new, out-of-state home builder is finding business in Omaha, which makes development experts say business is back to pre-recession levels.

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Updated: 6:29 PM CDT Jul 3, 2013

Colorado developer joins Omaha's housing market

A new, out-of-state home builder is finding business in Omaha, which makes development experts say business is back to pre-recession levels.

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Updated: 6:29 PM CDT Jul 3, 2013

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WEBVTT PROJECT ECOMONY NOW--AND THE LATEST DEVELOPMENTS IN OMAHA'S HOUSING MARKET. A NEW, OUT-OF-STATE BUILDER IS NOW SETTING UP SHOP -- WHILE áCURRENT BUILDERS ARE SAYING BUSINESS IS BACK TO áPRE- RECESSION LEVELS. KETV NW7'S TODD ANDREWS IS LIVE WITH THE STORY ALL NEW AT SIX. COLORADO'S LARGEST PRIVATELY-HELD HOME BUILDING COMPANY, OAKWOOD, HAS JUST STARTED OPERATIONS IN OMAHA. DEVELOPMENT EXPERTS SAY IT'S A MOVE THEY'VE NEVER SEEN BEFORE HERE IN THE METRO -- AND IT'S HAPPENING..AS THE MARKET..IS BOOMING. FROM BARE FOUNDATIONS( NATS ) TO FRAMED STRUCTURES ( NATS ) TO FINISHED PRODUCTS..WITH SIGNS OUT FRONT -- MORE AND MORE NEW HOMES..ARE GOING UP IN OMAHA BUT NOW..THERE'S A NEW SIGN IN TOWN -- FROM áOUT OF TOWN( Chad Herbolsheimer / Oakwood Homes: " Colorado's largest privately-held homebuilder " ) OAKWOOD HOMES JUST OPENED AN OFFICE IN NEBRASKA; CHAD HERBOLSHIMER'S RUNNING IT( Herbolshimer: " We're really excited about being in this market " ) HE TELLS US THE DENVER-BASED COMPANY SEES A BIG OPPORTUNITY IN THE METRO( Herbolshimer: " The stability of the market was a big key " ) OAKWOOD HAS LAUNCHED A NEW SECTION OF ITS WEBSITE -- AND IS BUYING UP LOTS( Herbolshimer: " We've probably either closed on or contracted for close to 100 lots all over Omaha " ) EVEN THOUGH OAKWOOD'S JUST STARTING ITS VERY FIRST HOME HERE..DEVELOPERS ARE TAKING NOTE( Trenton Magid / Development Expert: " Never in my twenty-year career have I seen a builder of significant size come in to compete with the mainstay companies in Omaha " ) TRENTON MAGID SAYS WITH THE ECONOMY IMPROVING..THERE'S ROOM FOR A NEW ENTRANT--AND INCREASED COMPETITION( magid: " -- it just makes everybody better " ) OFFICIALS WITH THE METROPOLITAN OMAHA BUILDERS ASSOCIATION -- WHICH REPRESENTS LOCAL COMPANIES -- ARE WELCOMING OAKWOOD( Cassi Petersen / MOBA: " When I found out they were going to come into the market, we thought, ' Wow -- what does that say about Omaha? ' It's a great that they would consider Omaha " ) CASSI PETERSON TELLS US LARGE, OUT-OF-STATE HOMEBUILDERS OPENING SATELLITE OFFICES IS USUALLY SEEN ONLY IN MAJOR METROPOLITAN AREAS; ALL THIS..AS THE HOME CONSTRUCTION BUSINESS áHERE..IS BOOMING( Cassi Petersen / Metropolitan Omaha Builders Association: " It's been unbelievable " ) WE TALKED TO A LOCAL BUILDER ON THE PHONE TODAY; HE TOLD US HIS BUSINESS IS BACK TO WHERE IT WAS IN 2006-07..WHICH WAS, OF COURSE, áBEFORE THE RECESSION HIT. HE SAID HE WELCOMED THE NEW COMPETITION. LIVE TAN NW7

Colorado developer joins Omaha's housing market

A new, out-of-state home builder is finding business in Omaha, which makes development experts say business is back to pre-recession levels.